AE Wealth Management LLC decreased its holdings in Kimberly Clark Corp (NYSE:KMB) by 48.1% in the fourth quarter, Holdings Channel reports. The fund owned 8,614 shares of the company’s stock after selling 7,999 shares during the quarter. AE Wealth Management LLC’s holdings in Kimberly Clark were worth $1,039,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Beach Investment Management LLC. purchased a new stake in Kimberly Clark in the 2nd quarter worth about $2,440,000. Obermeyer Wood Investment Counsel Lllp raised its position in Kimberly Clark by 0.5% in the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 7,361 shares of the company’s stock worth $950,000 after purchasing an additional 39 shares during the period. Savant Capital LLC raised its position in Kimberly Clark by 0.4% in the 2nd quarter. Savant Capital LLC now owns 4,995 shares of the company’s stock worth $645,000 after purchasing an additional 21 shares during the period. Dupont Capital Management Corp raised its position in Kimberly Clark by 21.6% in the 2nd quarter. Dupont Capital Management Corp now owns 66,186 shares of the company’s stock worth $8,545,000 after purchasing an additional 11,750 shares during the period. Finally, State of Wisconsin Investment Board raised its position in Kimberly Clark by 13.6% in the 2nd quarter. State of Wisconsin Investment Board now owns 392,103 shares of the company’s stock worth $50,624,000 after purchasing an additional 46,890 shares during the period. 71.69% of the stock is owned by hedge funds and other institutional investors.
Kimberly Clark Corp (NYSE KMB) opened at $113.67 on Tuesday. The company has a market cap of $39,980.00, a P/E ratio of 17.76, a PEG ratio of 2.02 and a beta of 0.66. Kimberly Clark Corp has a 1 year low of $109.51 and a 1 year high of $136.21. The company has a debt-to-equity ratio of 7.34, a quick ratio of 0.58 and a current ratio of 0.89.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, March 8th. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.52%. Kimberly Clark’s dividend payout ratio (DPR) is 60.63%.
In other news, insider Kimberly K. Underhill sold 23,158 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the transaction, the insider now directly owns 31,141 shares in the company, valued at $3,729,757.57. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.56% of the company’s stock.
A number of research firms recently weighed in on KMB. Citigroup set a $112.00 price objective on shares of Kimberly Clark and gave the stock a “sell” rating in a research report on Wednesday, January 24th. Zacks Investment Research lowered shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Deutsche Bank began coverage on shares of Kimberly Clark in a research report on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price objective on the stock. Societe Generale raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and increased their price objective for the stock from $112.05 to $144.00 in a research report on Thursday, November 2nd. Finally, Barclays reissued a “hold” rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. Kimberly Clark currently has a consensus rating of “Hold” and a consensus price target of $126.44.
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About Kimberly Clark
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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